A sub-7% mortgage rate brings holiday cheer

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday.The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. 14, according to Freddie Ma
Read MoreTruv CEO on innovating the income verification process

Editor in Chief Sarah Wheeler sat down with Kirill Klokov, CEO at Truv, to talk about the advantages of consumer-permissioned data for data quality and security. This interview has been edited for length and clarity.Sarah Wheeler: How did you get into the verification space?Kirill Klokov: It was thr
Read MoreRESO announces 2024 board of directors election results

The Real Estate Standards Organization is welcoming many new and returning board of director members in 2024. The organization announced its board of directors’ election results, as well as director and executive committee appointments in a release on Thursday.Of the nine open board of director seat
Read MoreMortgage trade group CHLA is concerned about commission lawsuit lending impacts

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.In a letter submitted Thursday to Fe
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